JSC „Olainfarm” looks into year 2006

28/12/2005

In accordance with article 24.4.8. of Riga Stock exchange rules „Listing and  Trading of Financial Instruments on the Markets Regulated by the Exchange” , JSC “Olainfarm” announce that the unaudited financial report for year 2005 will be published on the ninth week of year 2006.


As it is known, year 2004 has been for the company a year of reconstruction

and introduction of Good manufacturing practice standards, in its turn, year 2005 may

 be called a year of marketing activities and increase of amounts of sales. All the

 mentioned activities – reconstruction of existing and creation of new manufacturing

sites, introduction of new products, development of marketing and raise of turnover,

will be developed next year as well. Notwithstanding, the management of JSC „Olainfarm”

 has decided to devote its attention next year mainly to the social politics of the

 company – inside the company as well as outside. During the year 2006 JSC „Olainfarm”

 will continue supporting students of chemical and pharmaceutical field as well as

 awarding teachers of the mentioned sphere. JSC „Olainfarm” attaches great importance to

 support of young professionals in the field and training of specialists, because the

company is developing and new professionals are needed not only at JSC „Olainfarm” but

at the chemical and pharmaceutical field as the whole.

One of the basic principles of JSC „Olainfarm” is creation of highly qualified,

 socially secure and well motivated team of employees. Within the framework of the

JSC „Olainfarm” social politics starting with year 2006 all employees of the company,

 except the management of the company, receive a salary raise. The salaries are raised

 average by 15 to 50% depending on the category of the employee. The management of the

company believes that carrying out mentioned and other activities will allow to preserve

a highly qualified and professional team of employees, as well as attract new experts,

which is required by constant development of the company and promotion of new projects.